Word: forecasts
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Dates: during 1950-1959
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...Weather Bureau predicts mid-70 degree readings this afternoon, with possible slight showers near evening. Little cloudiness is expected. Morning forecast is for cloudless skies...
Other businessmen were talking in an equally optimistic vein. In Manhattan, a Dun & Bradstreet survey of 1,126 executives showed that some 48% expect an increase in net sales over 1953 during 1954's fourth quarter; only 22% forecast a sales drop. On Wall Street, the stock market reflected the businessmen's optimism. Aircraft stocks, which have led the market with a 75% rise in the past six months, climbed higher still. Six months ago, many a trader wondered if the Dow-Jones industrial average would ever hit 300. Last week the industrials pushed up 2.87 points...
...main reasons for last winter's price boost, according to FTC, was the inaccurate forecast for Brazil's 1954-5 5 crop. A year ago, a biting frost hit Brazil's second biggest producing area in Parana, damaging nearly 250 million trees. With forecasts of a meager 13 million-bag crop, some 4,000,000 bags less than expected, a wild price spiral for coffee futures got under way. Actually, says FTC, the frost damage was relatively minor. Brazil's 1954-55 crop was less than 1,000,000 bags (8%) below the 1953 levels...
...before any such program can work, the U.S. and Brazil must first agree on a good forecast system, and the two are still far apart. Finally, Congress may be asked to approve a long-range plan for the U.S. to help develop other nations as prime coffee suppliers and reduce U.S. dependence on Brazil. But the fact is that no legislation can be as effective in keeping coffee beans from bouncing as the one weapon that has worked: the U.S. consumer's pocketbook...
...reached $236 million, up 47% from a year ago and second highest in company history. Sales of cars and trucks from G.M.'s U.S. plants in the first half of the year totaled 1,754,978, well on the road toward Curtice's 3,000,000 forecast for the year...